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  #121  
Old Posted Mar 29, 2013, 2:56 AM
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YES.

Going from 105,000 sqft to 150,000 sqft, should definitely increase the height by about half. 150/105=1.43 1.43x679ft=971ft. Certainly stretchable to 1000'.
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  #122  
Old Posted Mar 29, 2013, 3:03 AM
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I was momentarily non-plussed as to why NY'ers would tire of skyscrapers.
NIMBYs are wary of anything that isn't already there. More skyscrapers means more people. They're always against that, citing a strain on "resources", etc.



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Originally Posted by scalziand View Post
Going from 105,000 sqft to 150,000 sqft, should definitely increase the height by about half. 150/105=1.43 1.43x679ft=971ft. Certainly stretchable to 1000'.

I would love to see that. A line of supertalls down 57th Street. But 900 ft alone would be good.



http://www.theepochtimes.com/n2/busi...ng-370403.html
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  #123  
Old Posted Mar 29, 2013, 4:13 AM
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This should probably be changed to 900 ft.+ in the thread title, IMO.

57th Street will be incredible in a few years. I can't wait to hear what Solow has planned for his development site.

You could very soon have five supertalls (One57, 225 W57, 432Park 107 W57 and Solow) on one street, and who knows what's planned for the future.
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  #124  
Old Posted Mar 29, 2013, 9:34 PM
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Incredible. I have been away for three days, come back, and it turns crazy. This building is amazing, imagine if higher. Dude, that good news.
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  #125  
Old Posted Mar 29, 2013, 11:45 PM
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With the recent additions of new and upcoming towers, 57th Street is going to be one massive and impressive canyon.
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  #126  
Old Posted Apr 8, 2013, 3:56 PM
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  #127  
Old Posted Apr 9, 2013, 2:29 AM
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Now that the Steinway is part of the project, I wonder if airrights from those two tenements on the other side of the Steinway building can be added to the project too, unless Extell already bought the airrights for 157.
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  #128  
Old Posted Apr 9, 2013, 1:07 PM
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Originally Posted by scalziand View Post
Now that the Steinway is part of the project, I wonder if airrights from those two tenements on the other side of the Steinway building can be added to the project too, unless Extell already bought the airrights for 157.
Don't know. Could be that they are already in use.
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  #129  
Old Posted Apr 14, 2013, 8:43 PM
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  #130  
Old Posted Apr 25, 2013, 11:01 AM
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http://www.nypost.com/p/news/busines...8UXNS29Fkw2vHP

New condos try to sate NY’s appetite for construction


By MAX GROSS
April 25, 2013


Quote:
Developers PMG and JDS are preparing to build a 700-foot-tall tower at the Steinway building on West 57th Street (only about a block from One57), with plans for a 200-room hotel below 45 condo units, slated to be ready by 2015. “The building may grow to 900 feet,” says Kevin Maloney, principal of PMG, making it one of the tallest residential towers in the city.
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  #131  
Old Posted May 7, 2013, 1:07 PM
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http://www.businessweek.com/news/201...-with-steinway

NYC Tallest Condo Corridor Gets New Entrant in Steinway

By Oshrat Carmiel
May 07, 2013


Quote:
Manhattan’s 57th Street, where the two tallest condominium towers in New York are under construction, is poised to get a third skyscraper with apartments perched above the city at near-record heights.

The buyers of Steinway Hall are in informal talks with the city’s Landmarks Preservation Commission and zoning officials about what they may build on the site, which includes the piano maker’s building and an adjacent parcel at 105-107 W. 57th St. that they purchased last year. The investors had plans for a 700-foot (213-meter) tower and now estimate that air rights acquired in the Steinway deal would allow them to go taller -- potentially as Manhattan’s third-tallest residential building.

“It will certainly be taller than 900 feet,” said Michael Stern, managing partner of JDS Development Group, which agreed in March to buy the 16-story Steinway Hall and land beneath it with Property Markets Group and Atlantic Development Group. “What its ultimate height will be is yet to be determined.”


The JDS group’s project sits at the center of a high-rise construction boom in midtown Manhattan as developers seek to take advantage of soaring luxury-condo demand. It’s on the same block as the current tallest residential building in the city, Extell Development Co.’s One57, which has set records with two condo sales valued at more than $90 million each. Three blocks away at Park Avenue and 57th Street, Harry Macklowe and CIM Group are building a skyscraper on the former Drake Hotel site that’s slated to rise even higher than the Extell property.

Manhattan Icons

The 57th Street corridor, near such New York icons as Central Park and the luxury shopping district of Fifth Avenue, is appealing to international investors who are seeking Manhattan residential real estate as a haven for cash, according to Jonathan Miller, president of New York-based appraiser Miller Samuel Inc. “It’s this new high-tower district that has a global appeal,” he said. “It’s almost a new segment of the market: high-end residential immersed in Midtown.”

The median price of new-development Manhattan condos climbed 36 percent in the first quarter from a year earlier to $1.33 million, as a dearth of supply intersected with a surge in demand for luxury units from local and international buyers, Miller said. The number of new units on the market dropped 42 percent in the quarter to 872, according to a report from Miller Samuel and brokerage Douglas Elliman Real Estate. JDS and its partners plan at least 45 luxury condos on the 57th Street site, said Stern and Kevin Maloney, chief executive officer of Property Markets Group, which is also developing the 24-story Walker Tower in Chelsea with JDS.

Steinway Landmark

Plans for the combined site may include a condo tower with retail at the base or a hotel with condos above it. How Steinway Hall can be incorporated into the project is under discussion with landmarks and zoning officials, Stern and Maloney said. As a landmark, the building can’t be demolished. The eventual height of the tower, to be built at the 105-107 W. 57th St. site, is “not a contest to us,” Stern said. “We’re just going to try to find the most desirable configuration.”

Unimpeded vistas of Central Park begin at 225 feet, according to Stern. “It’s all about the views, so we want to maximize the square footage we have above the break of unobstructed park view,” he said.

Part of the site is in a special Midtown zoning district that doesn’t restrict building heights, according to Stern. The development rights acquired with the Steinway purchase allow the companies to expand the number of square feet they can build, including going higher, he said. “You can probably pull enough out of Steinway,” Maloney said. “The air is there.”

At 900 feet, JDS’s project would be about the height of the One Bryant Park office tower without its spire, and rank as New York’s third-tallest residential tower, according to Emporis.com, a website that collects data on skyscrapers. One57, where Extell expects residents to begin moving in this year, is the current highest at 1,004 feet. Macklowe and CIM’s 432 Park Ave. would rise to 1,397 feet upon completion in 2015. More than a third of the units in that building have already been sold, the firms said in March. Building trophy apartments with lofty views gives developers, who are paying high prices for land, the best return on their investment, according to Miller. “Property values rise as you go up, so the higher you go, in theory, the more you can sell those properties for,” he said.

Helicopter Views

Extell was one of the earliest adopters in the latest condo wave, breaking ground on One57 in 2009. Buyers have been putting down deposits based on floor plans, a model apartment in the 6,000-square-foot offsite sales office and photographs by a camera mounted on a drone helicopter that show views at different elevations of the 90-story tower. Extell has increased prices at least twice. A 6,200-square- foot full-floor apartment on the 88th floor was listed for $67 million in September, a 28 percent markup from its initial offering price in June 2011. The 87th-floor unit was increased to $64.5 million, or 36 percent more than in June 2011, sales documents filed with the New York state attorney general’s office show.

The JDS group expects its Steinway Hall deal to be completed this month. Steinway Musical Instruments Inc. (LVB), the maker of its namesake pianos, agreed to sell its stake in the property for $46 million, plus an undisclosed amount to be held in escrow. The land beneath the building was purchased from a separate, unnamed owner.

The narrowness of the 105-107 W. 57th St. site means the developers probably won’t try to match the Extell tower’s height, Maloney said. “When you get that high with such a narrow building, it might cause the floor plate to be so inefficient, it may rule it out economically,” he said. “It could rise very high, but I don’t think it’s going to be higher than One57.”
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  #132  
Old Posted May 7, 2013, 1:11 PM
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Now taller than 900 ft.? Wow.

So possibly another supertall for the 57th street corridor. This would be the 4th supertall along this one street, with other potential sites still in play.
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  #133  
Old Posted May 7, 2013, 4:40 PM
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I doubt it will be a supertall, because as Maloney stated it won't be taller than One57. Maybe somewhere in the 930 - 970 feet range.

But heck, this is still good news. A solid 900 footer is nothing to complain about.
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  #134  
Old Posted May 7, 2013, 5:02 PM
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I doubt it will be a supertall, because as Maloney stated it won't be taller than One57. Maybe somewhere in the 930 - 970 feet range.
It would have to break 984 ft to be a supertall. If they wanted to go for a taller height claim, a simple spire could easily do it. As it is, the height difference will be less than 100 ft.

I wonder how close to the current design it will remain...

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  #135  
Old Posted May 7, 2013, 6:13 PM
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Wow, this thing is really going to push us to the extreme of this needle-like skyscraper design trend. I love it.

This next generation of towers, if the trend continues, will create less a wall and more of a forest. More sightlines, more sunlight, more stupefying verticality.
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  #136  
Old Posted May 7, 2013, 8:16 PM
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Originally Posted by MarshallKnight View Post
This next generation of towers, if the trend continues, will create less a wall and more of a forest. More sightlines, more sunlight, more stupefying verticality.
In the case of Midtown it will be a forest popping up over a wall. Love it.
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  #137  
Old Posted May 7, 2013, 10:35 PM
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Wow, this thing is really going to push us to the extreme of this needle-like skyscraper design trend. I love it.
Yeah, the way things are going, you can't help but wonder "who's next?".
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  #138  
Old Posted May 7, 2013, 11:37 PM
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Yeah, the way things are going, you can't help but wonder "who's next?".
Perhaps Solow is next, with his assemblage on 57th, between 5th and 6th.

Or maybe the CBS block? CBS has been rumored to want to sell their entire block on West 57th. That would be huge air rights, and possible multiple towers, because they occupy the whole south side of the block on 57th.
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  #139  
Old Posted May 8, 2013, 3:24 AM
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As long as the luxury condo market stays hot, we will no doubt continue to see more towers rise.
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  #140  
Old Posted May 9, 2013, 11:31 AM
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Tower Verre is often left out of the discussion, but its only 3 blocks south, and will be a part of the pack.


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